The muted trend in cement prices has become a niggling worry. A meaningful improvement in demand and pricing is possible only in the second half of FY25. Why are stock prices surging then?
The competition heated up in the Indian cement industry after Adani s take over of Ambuja Cement and ACC Ltd., which placed Adani in direct competition with UltraTech. Analysts expect the war for market share to continue and may lead to price wars even as new capacities are added.